Searches And Hires
The search is for a firm to handle the agency’s $651 million in cash and investments.
The Austin, Texas-based organization has in excess of $500 million in investable assets.
The plan’s general investment consultant recently recommended a review of domestic large-cap value equity managers due to the incumbent’s underperformance.
The board will hire a new private equity manager in October.
The city is seeking investment advisors for two asset pools.
The retirement fund authorized commitments totaling $305 million, including one new relationship.
The six firms will handle aggregate assets of $1 billion.
The commitment satisfies the retirement systems’ 2026 pacing plan for private markets.
The manager hire was recommended as part of a public equity structure analysis.
A university based in a Southern state will consider recommendations from its consultant to invest in private equity and venture strategies.
